Member Spotlight

Government Debt Needs to Be Repaid, And Other Myths About the Federal Deficit

Barron’s  | Wed, Sep 13, 2023

BWC member Paul Sheard writes in Barron's that "debt is a misnomer" because it "never has to be repaid" and "Treasuries aren’t much different."
But never needing to repay "doesn’t mean the government can or should create as much of it as it likes."
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